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SB 657

Economic development: other; the general property tax act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 9f of 1893 PA 206 (MCL 211.9f). TIE BAR WITH: SB 0631'25, SB 0659'25

2025-2026 Regular Session Introduced by Thomas Albert

Removes Michigan Strategic Fund references from property tax law as part of eliminating a major state economic development program.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
#economicdevelopment:other
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Bill Summary · SB 657

Legislative bill overview

SB 657 amends Michigan's General Property Tax Act to remove references to the Michigan Strategic Fund, which is being eliminated. This is a technical/cleanup bill tied to companion legislation (SB 631 and SB 659) that presumably handles the actual dissolution of the fund and reallocation of its functions or assets.

Why is this important

The Michigan Strategic Fund has historically been used for economic development incentives and business attraction. Its elimination represents a significant shift in how Michigan approaches economic development policy and will affect businesses and municipalities that may have relied on these programs or tax incentive structures tied to the fund.

Potential points of contention

  • Economic development capacity: Eliminating the fund may reduce Michigan's ability to compete with other states for business investment and job creation unless replacement programs are established
  • Existing obligations: Unclear how existing commitments, contracts, or promised incentives from the Strategic Fund will be honored or renegotiated
  • Asset disposition: No details provided on what happens to the fund's remaining assets, staff, or ongoing projects—critical information in the tied bills

Compiled from official sources — confirm details with the bill’s official record.

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